klimaVest Mann läuft auf Sonne zu und hebt fröhlich die Hände in die Höhe

Commerz Real’s impact fund klimaVest achieves 1 billion euro fund volume

09.01.2023 5 Reading Time

  • First open-end retail investor impact fund for tangible assets in Germany
  • Rapid portfolio expansion since its inception in 2020: currently 32 operational wind farms and solar parks and 5 solar park project developments in four countries 
  • Electricity generation in the 2021/2022 financial year covers the calculated demand of more than 200,000 households

 Two years after its launch, the tangible assets fund klimaVest reached an equity volume of one billion euros. The portfolio of the retail investor impact fund from Commerz Real currently comprises 32 operational wind farms and solar parks as well as 6 solar farm project developments in Germany, France, Spain, Finland and Sweden. 

"Distributors and retail investors are reflecting continued demand for investments in renewable energy. Given the importance of renewable energy supply in Europe, we anticipate further acceleration of the energy transition and new attractive investment opportunities for investors"
Timo Werner
Timo Werner
klimaVest fund manager

klimavest is a European Long-Term Investment Fund – or “ELTIF” for short – and plans to build a broad portfolio of renewable energy generation and sustainable infrastructure. In the medium term, the open-end fund is expected to achieve a volume of 10 billion euros. klimaVest invests in tangible assets that make a demonstrable contribution to avoiding greenhouse gas emissions. In doing so, the fund takes into account the sustainability parameters in accordance with the applicable EU Taxonomy Regulation and the transparency requirements for an impact fund in accordance with the EU Disclosure Regulation. 

The fund management aims to achieve a return (using the BVI method) of between 3.5% and 4.5% for the calendar year 2023. Investors can participate from 10,000 euros and receive regular reports on the climate impact achieved by the assets in the fund in addition to their performance. An investment horizon of at least five years is recommended. Units in the open-end fund can be redeemed on any trading day at the net asset value. 

In the past financial year 2021/2022, the existing plants generated a total of 661 gigawatt-hours of green electricity. According to data from the Federal Statistical Office, this quantity corresponds to the electricity requirements of more than 200,000 German households.